Western Refining Inc. entered into an agreement to acquire the 25,000 barrel per day idled Wingate fractionation plant in Gallup, N.M. The plant is currently owned by ConocoPhillips Co. It includes rail loading and offloading capabilities, storage facilities and NGL fractionation capability. The transaction is expected to close in early October. Terms were not disclosed.
“The strategic location of the Wingate facility is a great addition to the logistical assets of Western,” said Jeff Stevens, Western’s president and CEO, in a statement. “It is conveniently located near our Gallup Refinery. This transaction will afford Western greater flexibility in the Four Corners region as it will provide approximately 125,000 barrels of pipeline-connected seasonal NGL storage for our Gallup Refinery; crude oil loading and transportation capabilities, both east and west, through the rail loading terminal; and pipeline connectivity to Western Refining Logistics LP assets.”
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